Luxembourg: Inflation will continue until next year

PubliziertNovember 7, 2023, 2:21 PM

LUXEMBOURG – Inner half of the year has an inflation rate of 3.2 per year, reports Statec. The next Index installment is still waiting for the next quarter 2024.

The current inflation rate in Luxembourg is in October with 3.2 months to come. These reports are on the Service Day of the National Statistikamt Statec. Innerhalb eines Jahres hat sich die Inflationrate halbiert.

Since February we will try to improve the performance of our products so that we can manage the overall inflation rate, including Statec. In addition, the nuclear inflation – especially with regard to the quality of the product – is expected in four months, in October it will be 4.2 percent. In July it was still 4.9 percent.

«Der Preisauftrieb bei Lebensmitteln beschränkte sich in Oktober auf 7.5 Prozent im Jahresvergleich gegenüber dem Höchststand of 11.5 Prozent im März», explanation of the Behörde. Moreover, both the energy-efficient industrial customers are required to pay the price: After a high price of 6.4 hours in January, there will be a turnover rate of +3.3 hours in October.

The prices for services are based on the state of the matter according to their own understanding and support for the core inflation in the gross territory. «The three Index tranches, which were received in February, April and September 2023, have received the price for services in the high speed, since in October with 3.7 percent of the higher rate during the year 2023 during the year. 1.7 These factors are used to determine the general inflation rate, according to statistics.

In the current forecast, the core inflation rate is estimated at 4.5 percent in 2023 and 2.7 percent in 2024. If the forecast is estimated at 4.8 or 2.9 percent. The rating of the Brent Prices is also determined by the price for mineral oil products, thus the statistic. Letztere würden with minus 7,3 Prozent in Jahr 2023 (zuvor minus 10,1 Prozent) and minus 0,7 Prozent in Jahr 2024 (zuvor minus 3,9 Prozent) weniger stark sinken.

Stated right with a inflation rate of 3.8 percent for the year and 2.6 percent for 2024 (a marginal rate of inflation for the August forecasts of 3.9 percent and 2.5 percent). The next index is more information for the 3rd quarter of 2024.

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